ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jun 05 08:54

Cancer-causing foam could be banned in military training next year, off military bases entirely by 2029

House lawmakers would force military bases to stop using toxic firefighting foam in almost all training activities and ban them altogether over the next decade under legislation unveiled this week.

The measure, part of the House Armed Services Committee’s initial draft of the annual defense authorization bill, would also make available millions of dollars in environmental clean-up funding to National Guard bases, to address chemical contamination that can seep into groundwater and cause serious health concerns.

At issue are the use of cancer-causing perfluoroalky and polyfluoroalkyl substances ? more commonly known as PFAS ? that are found in the firefighting foam and over the years have found their way into water systems on military bases and surrounding

Webmaster's Commentary: 

My question is, why will it take the US military 10 years to ban the use of a chemical which it knows is a carcinogen?!?

How are the member of the House of Representatives, going to comfort grieving families and friends of the military who will certainly get cancer, in this ten year period?!?

The only logical answer, is that people who get cancers from this foam, during this decade-long period before the ban, are expendable, because the US government is going to reinstitute the draft very soon; so if someone has a reasonable explanation, other than this, I would be very keen to hear it!!

Jun 05 08:31

Pompeo, Who Once Said The CIA "Lies, Cheats And Steals" Defends US Intel On Huawei Spying

Secretary of State (and former CIA head) Mike Pompeo, famous for once saying that the CIA “lies, cheats and steals,” is has reversed course about U.S. intelligence agencies, and in an interview with Euronews, Pompeo said US intelligence agencies "occasionally make mistakes" but that they should still be trusted and taken at their word.

In the interview, Pompeo claims that U.S. intelligence agencies are correct in considering Huawei a national security threat, a claim that has stood at odds with some of Washington's European allies. Pompeo said: "There’s no doubt the intelligence community gets things wrong from time to time but their overall body of work is excellent and to be relied upon and trusted." He continued: "Western countries, liberal democracies share a common value set. The Chinese don’t share that value set."

Jun 05 08:30

TRUMP SAYS TARIFFS ON MEXICAN IMPORTS GO INTO EFFECT NEXT WEEK; MEXICO THREATENS RETALIATION

Mexico is exploring ways to retaliate against the United States for taking the trade war south of the border. President Donald Trump isn’t content with the punishment levied on the American consumer just yet, so he announced the 5% tariffs on Mexico will take effect on June 10.

Not only would the tariffs increase the prices of vegetables in the U.S., but some reports say up to 400,000 jobs are at stake as well. Wasn’t Trump’s goal to bring work and prosperity to the U.S.? I guess that means through increased costs of goods and lost jobs. These trade wars have never made economic sense and the U.S. is setting itself up for failure. The 5% tariffs on Mexican goods will especially hit Texas jobs hard, according to a report by CNBC.

Jun 05 08:30

App Developers Sue Apple Alleging Anti-Competitive Behaviour – Report

The action comes amid similar legal disputes initiated by consumers and an antitrust investigation initiated by the Department of Justice.

Two app developers — Donald Cameron and Pure Sweat Basketball — filed a lawsuit against Apple in a California federal court, alleging that the Cupertino tech giant engages in anti-competitive practices.

The plaintiffs claim that limiting the purchase and download of apps to just the App Store stifles developers.

App Store demands 30% commissions on all app purchases plus a $99 yearly fee from devs just to qualify for on-platform software sales. Apple also artificially regulates minimum and maximum price points for apps, according to the lawsuit says.

Jun 05 08:26

Air Cargo Demand Continues To Plunge As World Trade Sinks

The International Air Transport Association (IATA) published a new report for global air freight markets showing that demand (measured in freight tonne kilometers (FTKs)), plunged 4.7% in April on a YoY basis. The trend turned negative in January as YoY demand declined thanks to a synchronized global downturn and deepening trade war.

Jun 05 08:26

The American Cult of Bombing and Endless War

In a bizarre fashion, you might even say that, in the twenty-first century, the bomb and missile count replaced the Vietnam-era body count as a metric of (false) progress. Using data supplied by the U.S. military, the Council on Foreign Relations estimated that the U.S. dropped at least 26,172 bombs in seven countries in 2016, the bulk of them in Iraq and Syria. Against Raqqa alone, ISIS’s “capital,” the U.S. and its allies dropped more than 20,000 bombs in 2017, reducing that provincial Syrian city to literal rubble. Combined with artillery fire, the bombing of Raqqa killed more than 1,600 civilians, according to Amnesty International.

Webmaster's Commentary: 

It is very difficult, being a person with a conscience, and as a Christian, to understand, fully, that the country of which she is a citizen, holds the record, big-time, for being a nation steeped in blood, from its war crimes.

The US government, for a long time, has been the agent of death, despair, and anger, because of its policy of expropriating resources, to which it has no moral right, through regime change and war, and ultimately making sure that those resources are only sold in the US dollar.

And unfortunately, fast forwarding to the ultimate conclusion of these activities, thee are only two outcomes which are possible; the economic collapse of the US, or a world war.

With a national debt of $22 trillion that we know about, and punch-drunk with its military power, the US government is going to continue these wars... until it is absolutely bankrupt, because it can figure no other way out.

So the only advice I can offer at this time, is prep; keep your ears to the ground as to what is really going on; and know how to protect yourself, and the people you care about, when the excrement hits the ventilation system.

Jun 05 08:16

The Fed Has Already Admitted Where the Next Crisis Will Start

For those how pay attention, the Fed has already broadcast what the next crisis will be…

Corporate bonds…

When the Fed cut interest rates to zero in 2008… and held them there for even years straight… it gave the “green light” to corporations to go on massive borrowing spree.

After all… if you’re the CEO of a company… and taking on debt suddenly costs NOTHING… why wouldn’t you start borrowing?

It took US corporates 50 years to hit $3 trillion in debt… they DOUBLED that in eight years thanks to the Fed’s Zero Interest Rates Policy (ZIRP).

Jun 05 08:12

Chaos as Trump Administration Bans Cruises From Visiting Cuba

The Trump Administration has made clear that their anger toward Venezuela’s government also extends to Cuba, and this was shown again today with the administration imposing new restrictions to prevent Americans ever setting foot on Cuban soil.

The new restrictions target educational trips as well as cruise ships, forbidden all cruises from stopping in Cuba for recreational purposes. There was no grace period for ships already en route.

This created immediate chaos among cruise operators, and a number of scheduled cruises that were to stop in Cuba as part of their voyages have uncertain futures, with Carnival Corp saying they won’t be going to Cuba, but they will be going someplace in the future.

Webmaster's Commentary: 

Mr. President, a word, please; I am having difficulty beginning to summon the language with which to express how this move, was utterly the polar-opposite of what you should have done here.

How do you create regime change in Cuba?!?

1. First, have Americans tourists see the real condition in the country; why are you so seemingly afraid of this?!? Wouldn't you want such a vacation to be a "Buddha on the Road" moment for Americans?!? (Just to bring you up to speed on this, this was the moment Buddha's life, when he escaped from the palace with a friend, and saw the true nature of poverty and death).

2. Encourage Cubans to come to the US to receive an education, and exchange ideas with American kids,and encourage American kids to study in Cuba.

President Trump, trade, cultural exchanges, and education, are the ways to create regime change here.

You've already stomped on one of these ways with this ban on cruise travel to Cuba; please, figure out how to not to do so with the other suggestions I have made.

And BTW, if you have never seen this, please have someone get this documentary for you to watch; Tuning with the Enemy

Please have your family gathered round when you do this. This is about the work of an American piano tuner, who yearly, tries to get more pianos to Cuba, because most of the Cuban pianos have been ravaged by termites, and people playing them are not really hearing the music, as it was intended to be heard.

As a Christian pacifist activist, this guy... is one of my heroes, because he is trying to fill an artistic need, and there is utterly no money for him in what he is doing. He's no hard-core Commie; just a guy who wants to see newer, and better, pianos to exist in the country.

Then, listen, carefully, to the beautiful music these kids are trying to make, on termite-infested pianos; sir, if this doesn't cause a tear or two to when you see this, and listen ... I am very, profoundly sorry for you.

Jun 05 08:02

Laid Off GM Workers in Ohio Fed Up with Ruling Class: ‘Nobody Has Our Backs’

Middle-class Americans whose livelihoods have been thrown off course after being laid off by General Motors (GM) in Lordstown, Ohio, are fed up with the country’s political and business ruling class in Washington, DC.

For months, the community of Lordstown has had to grapple with GM closing the region’s assembly plant, which has resulted in the immediate layoff of about 1,600 American workers, and since 2017, GM has laid off about 4,500 American workers in Ohio.

The GM plant closure is also expected to leave more than 8,000 American workers jobless in and around Lordstown as well as cut out about $8 billion in economic activity in the area. Already, more than 900 workers in supporting industries have been put out of work.

At the same time, GM has announced that it will manufacture a slew of new vehicles in South Korea, while GM CEO Mary Barra still plans on idling three other American manufacturing plants — two in Michigan and one in Maryland.

Jun 05 08:00

Trade War Backfires On US Hegemony: China May Shift Production To Russia

President Trump's efforts to force China to 'fair' trade (along with sanctions and/or tariff threats against many other nations in the world) appears more likely to destabilize the unipolar US hegemon than support it.

Many multipolar-supporting nations are hording gold, seeking alternative payment systems, and creating bilateral trade agreements between themselves in an effort to skirt US threats (or merely to defend their own sovereignty in the long-run).

While we have seen China pushing the petro-yuan (rather anti-climactically for now) and Europe pushing INSTEX to enable trade with Iran (still unused for now), RT reports the latest shift away from the US 'system' and towards multi-polar collaboration is coming from China, where small and medium-sized enterprises, under pressure from Washington’s trade war, are studying the possibility of moving production to Russia.

Jun 05 07:49

San Francisco May Lock Up Mentally Ill Homeless People

San Francisco authorities are expected to consider a Tuesday proposal that would force mentally ill drug addicts into treatment centers against their will, according to ABC News.

Known as conservatorship, the program has the endorsement of Mayor London Breed and others, who say it's a necessary step to deal with often-homeless addicts who may be a danger to themselves or others. The program would allow a court to appoint a public conservator for those who have been involuntarily detained for psychiatric hospitalization at least eight times in a year under section 5150 of California's welfare and institutions code. According to the report, treatment could last for up to a year. So far, San Francisco's public health department has identified 55 individuals who would qualify for the program, and 48 more who have been detained six or seven times.

Jun 05 07:45

Russia, China Lining Up Partners for Massive Eurasian Trade-Network; US Threatening Everybody

Let’s start in mid-May, when Nur-Sultan, formerly Astana, hosted the third Russia-Kazakhstan Expert Forum, jointly organized by premier think tank Valdai Club and the Kazakhstan Council on International Relations.

The ongoing, laborious and crucial interconnection of the New Silk Roads, or Belt and Road Initiative and the Eurasia Economic Union was at the center of the debates. Kazakhstan is a pivotal member of both the BRI and EAEU.

Jun 05 07:28

Australian rare-earth ore processor wants to build a plant in the US

This week, two rare-earth mineral-processing companies announced a new joint-venture whose aim will be to establish a rare-earth ore processing plant in Hondo, Texas.

Lynas Corp., an Australian rare-earths processor, and Blue Line Corp., a chemical company which is already based in Texas, agreed to a partnership to "see that US companies have continued access to rare-earth products by offering a US-based source."

Rare-earths minerals are found in consumer electronics, military equipment, electric vehicles, and wind turbines and solar panels. China sees rare-earths metals as a potential wedge in current trade talks with the United States, because it mines and processes the majority of the rare-earths used around the world.

Jun 05 07:27

US Braces For Chinese Retaliation: Scrambles To Find Alternative Rare-Earth Suppliers

With Beijing making louder noise by the day about using rare earth metals as a "nuclear" retaliation option in trade war with the US, Washington is not sitting on its thumbs waiting for the day China pulls the plug, and as Commerce Secretary Wilbur Ross said today, the U.S. will take steps to ensure it doesn’t get cut off from the supply of rare earths.

As reported previously both in the Chinese and US press, Beijing has prepared a plan to restrict exports of rare earths to the U.S. if the trade war between the two nations deepens, and on Tuesday the Commerce Department released a report requested by President Donald Trump in December 2017, when he asked officials to look into U.S. access to so-called rare earths, a group of 17 elements including lanthanum and terbium, which are used in everything from the production of computer screens to missile systems and mobile phones.

Jun 05 07:26

This New Robot Will Take Millions Of Warehouse Jobs

The automation wave is expected to dramatically reshape the US economy in the 2020s. This disruption will impact the labor force and cause tremendous job losses. By 2030, automation could eliminate 20% to 25% of current jobs -- equivalent to 40 million displaced workers, hitting the bottom 90% of Americans the hardest.

A new report from The Atlanta Journal-Constitution (AJC) shows how warehouse automation is starting to gain traction in Atlanta, the sixth largest warehousing space in the US.

The new, robot-powered warehouse in McDonough, Georgia, is currently undergoing pilot tests and will begin operations in June. Project Verte, a start-up trying to compete with Amazon, is responsible for automating the warehouse.

Jun 05 07:18

US approved transfer of nuclear expertise to Riyadh after Khashoggi murder - Approvals allow US companies to discuss and work on nuclear-related projects in the Gulf kingdom

The Donald Trump administration issued two authorisations for the transfer of technical "nuclear expertise" to Saudi Arabia after the murder of journalist Jamal Khashoggi late last year, US Senator Tim Kaine has revealed.

Kaine, a Democrat from Virginia, where Khashoggi resided, called the decision "shocking" - as it came amid global outrage over the Saudi journalist's gruesome murder on 2 October.

The two approvals were issued on 18 October - only 16 days after Khashoggi was killed - and on 18 February, respectively.

Known as "Part 810 authorisations", they allow US companies to discuss and work on nuclear-related projects in the Gulf kingdom.

"I have serious questions about whether any decisions on nuclear transfers were made based on the Trump family's financial ties rather than the interests of the American people," Kaine said in a statement on Tuesday.

Webmaster's Commentary: 

One has to wonder; since this permission came down just two weeks after the Kashoggi assassination, did President Trump know this was going down before it happened?!?

I am sorry to suggest, but have to state, that this... is the "opening of Pandora's Box", by the US government; and I suspect that it will rue the day when it happened, and Saudi Arabia has an impressive nuclear arsenal.

Against what country in the region Saudi Arabia will first attempt to use these weapons?!? Color Iran as the most likely recipient of the brutal damage from a nuclear bombing.

So what will Iran ultimately do, faced with this predicament?!? Develop nuclear bombs of their own, and I would likely suggest, this could happen very quickly, if they approached Pakistan for their nuclear technology.

Jun 05 07:11

Los Angeles homelessness rises sharply as housing crisis deepens

Los Angeles County’s homeless population has swelled by 12% during the past year as a shortage of affordable housing deepens in and around America’s second-largest city, pushing more people into poverty, a study released on Tuesday found.

Jun 05 06:50

Due To Cataclysmic Flooding, Millions Of Acres Of US Farmland Will Not Be Planted With Crops This Year

Authored by Michael Snyder via The End of The American Dream blog,

It looks like 2019 could be the worst year for U.S. agriculture in modern American history by a very wide margin. As you will see below, millions upon millions of acres of U.S. farmland will go unused this year due to cataclysmic flooding. And many of the farmers that did manage to plant crops are reporting extremely disappointing results.

Webmaster's Commentary: 

These coming food shortages, coupled with inflation, mean that if you can, buy an inexpensive freezer, and start storing food right now.

I don't want to sound like 2019's "Mrs. Chicken Little", but the more food you can store, and save now, will mean far less pain at the checkout of your local supermarket, or big box store in the months to come.

Jun 05 06:38

THE NUMBER OF AMERICANS WORKING IN THEIR 70S IS SKYROCKETING

SOURCE: QUARTZ

Over the past 20 years, the share of Americans working in their 70s has risen from less than 10% to nearly 15%, according to US Census bureau data.

In addition to people being healthier and living much longer, economists say that a combination of financial considerations such as years of stagnant real wages and a shift away from traditional pensions in the private sector are some of the reasons people are working longer. The decline of manufacturing and the increase in the number of people working in less labor-intensive occupations also has contributed to the trend says Abraham, who researches work and retirement decisions of older Americans.

“Which matters more [the choice to keep working or the necessity to do so] depends on what your history up until that point has been in the type of work you’re doing,” Abraham says.

Webmaster's Commentary: 

In the deli of the market Mike and I frequent, I see a number of older ladies, handling orders, and making sandwiches.

I always smile at them, and let them know I appreciate what they have done, when we order, because I can guarantee, this was not how they envisioned their lives right now, when they were young, and just married.

Jun 05 06:34

FACEBOOK’S NEW PUBLIC POLICY MANAGER FOR UKRAINE IS A NATIONALIST HAWK WHO VOLUNTEERED WITH FASCIST PARTY DURING US-BACKED COUP

SOURCE: THEGRAYZONE.COM

FACEBOOK’S NEW PUBLIC POLICY MANAGER FOR UKRAINE KATERYNA KRUK IS A FORMER GOVERNMENT OFFICIAL, DIEHARD NATIONALIST, AND ANTI-RUSSIAN JINGOIST WHO VOLUNTEERED WITH THE EXTREME-RIGHT PARTY SVOBODA DURING THE 2014 US-BACKED COUP.
BY BEN NORTON

When Facebook hired a new public policy manager for Ukraine, the mega-corporation chose one of the most biased candidates possible: a hawkish jingoist who has worked extensively with the Ukrainian government and the European Union.

Kateryna Kruk, who has served as Facebook’s public policy manager for Ukraine since late May, was an active participant in Ukraine’s 2014 US-backed coup, in which far-right ultra-nationalists violently ousted a democratically elected pro-Russian government and replaced it with a pro-NATO one.

Webmaster's Commentary: 

One has to wonder, if President Obama and Victoria Nuland are having "buyer's remorse" at the way Ukrainian politics have devolved mightily, since their "golden boy" Poroshenko got absolutely clobbered in the last election.

And please remember; Obama said, publicly, in an interview on CNN, that the US was directly responsible for supporting a coup against the duly appointed President, Yanukovich:

President Obama admits that the US brokered a deal in support of regime change

The US government spent 5 billion dollars to create anti-government riots in Ukraine

Victoria Nuland admits that the US spent $ 5 billion dollars to create regime change in Ukraine

While there is one homeless Vet sleeping rough in our streets, this never, ever should have happened. Yet the people who generated this regime change get off, scott-free.

Hey, President Obama; I hear that you are making "beaucoup bucks" on on your Speaker Tours Barack Obama Is Now Among 10 Highest-Paid Public Speakers

and Victoria Nuland, congrats on your having landed in a great job (again) with ASG?!?
Victoria Nuland rejoins ASG (Albright Stonebridge Group

What is singularly depressing to me here, is that the sociopaths who create death and murder around the world, are exempt from paying any kind of price for their collective stupidity, because of their personal, and informational wealth, shielding them from due process.

Future historians will not be kind to either of these people, because of this.

Jun 05 06:08

LEGO LAUNCHED A FULLY FUNCTIONING WIND TURBINE MADE FROM PLANT-BASED BRICKS

By Mayukh Saha / Truth Theory

In an amazing step forward, the uber famous toy company LEGO has started shipping fully functional Wind turbine kits. It is another of their attempts to go green, a movement by LEGO that is taking the entire world by storm. They have previously promised to make their LEGO material plant-based, so there is literally no pollution that would be caused due to these toys. No toxic plastic. And this time, with the wind turbine kits, the company will also impart important information to kids. This is a part of their program to create all toys made of sustainable resources by 2030.

Webmaster's Commentary: 

I think Mike and I just found a toy which several of the kids we know will just adore!! :-)

Jun 04 12:55

Homelessness jumps 12% in L.A. County and 16% in the city; officials ‘stunned’

In a hard reality check for Los Angeles County’s multibillion-dollar hope of ending homelessness, officials reported Tuesday that the number of people living on the streets, in vehicles and in shelters increased by about 12% over last year.

Jun 04 10:58

AMAZON OFFERED JOB TO PENTAGON OFFICIAL INVOLVED WITH $10 BILLION CONTRACT IT SOUGHT

SOURCE: THE INTERCEPT

IN A FEDERAL lawsuit, the tech giant Oracle has provided new details to support its accusation that Amazon secretly negotiated a job offer with a then-Department of Defense official who helped shape the procurement process for a massive federal contract for which Amazon was a key bidder.

Amazon Web Services and Microsoft are now the two finalists to win the highly contested $10 billion contract for what is known as the Joint Enterprise Defense Infrastructure, or JEDI. The deal, one of the largest federal contracts in U.S. history, would pay one company to provide cloud computing services in support of Defense Department operations around the world.

Webmaster's Commentary: 

This kind of stuff happens in computer-related businesses all the time, but this time, it appears that Amazon got caught with its "cyberslacks" down, in terms of allowing what they were doing, to get revealed.

Jun 04 10:30

Multi Billion Fund Blocks Redemptions

It turns out we were very much spot on, because just a few hours later, the Financial Times reported that Neil Woodford, the UK's equivalent of David Tepper, has blocked redemptions from his £3.7bn equity income fund after serial underperformance led to an investor exodus, "inflicting a serious blow to the reputation of the UK’s highest-profile fund manager."

The freeze on redemptions, exactly five years after Woodford opened his eponymous fund management group, underlines his increasingly precarious position. It follows a steady stream of investor outflows, which have occurred each month for two years, with the fund shrinking by two-thirds to £3.7bn since a peak of £10.2bn in May 2017.

Jun 04 10:28

Shocking New Report Exposes How Chinese Companies Are Dodging US Tariffs

In an analysis of data from the US International Trade Commission and the International Trade Center, Nikkei revealed that while exports of machinery, electrical equipment and some other products impacted by tariffs have reflected particularly sharp declines, shipments of these goods from China to the US via Vietnam, Taiwan and Mexico actually rose during this period, a sign that exporters are rejiggering their supply chains to compensate for the US tariffs.

Jun 04 10:16

Huawei has paused production of its smartphones after U.S. blacklisting, report claims

Production lines for Huawei's smartphones have reportedly halted as the company grapples with the effects of a U.S. blacklisting.

According to a report from the South China Morning Post, the ban by the U.S. has prevented Huawei from accessing supplies that are 'crucial for international sales' including chips made by Intel and access to Google's Android operating system.

The ban may also force Huawei to reassess its goal of becoming the most popular smartphone purveyor by 2020.

Jun 04 10:14

AMERICA’S BLUE CITIES HAVE BECOME CESSPOOLS OF FILTH AND DISEASE

America is now witnessing the spread of once rare diseases due to the piles of garbage and the homeless epidemic now plaguing Democrat-run major cities such as L.A. and New York City.

Jun 04 10:13

FANG stock value PLUNGE: Over £100BILLION wiped off Facebook, Apple, Netflix, Alphabet

THE biggest technology firms in the United States saw more than £100billion wiped off their value as shares in Apple, Facebook and Google’s parent company, Alphabet, plummeted.

Fears of a major regulatory crackdown in the sector sparked chaos for Fang stocks – Facebook, Apple, Netflix and Google – on Monday, with around $137billion (£108billion) being wiped off market values. Alphabet lost $52billion (£41billion) or 6.9 percent from its market value, while Facebook shares lost about $41billion (£32billion) or 5.7 percent of its worth. Amazon was down as much as 5.4 percent and Apple as much as 2.7 percent. The tech-heavy Nasdaq dropped into correction territory, having lost 10 percent over the last month.

Jun 04 10:08

TESLA BLOCKS ACCESS TO ANONYMOUS WORKPLACE CHAT APP BLIND AMID CRACKDOWN ON EMPLOYEE LEAKS

SOURCE: VERDICT.CO.UK

Tesla has begun blocking its employees from accessing anonymous workplace chat app Blind, according to its developers, in an apparent attempt to protect against employee leaks.

Blind allows employees to discuss workplace matters anonymously with their colleagues and industry peers through public and private forums. Since launching in the United States in 2015, the app has attracted thousands of workers from Silicon Valley tech giants including Microsoft, Google, Facebook and Amazon.

More than 2,100 Tesla employees have signed up to Blind. However, the automotive company appears to have moved to stop that figure from increasing.

Webmaster's Commentary: 

Elon Musk, is probably among the most brilliant inventors/ creators of the 21st century; that being said, however, he does, and desperately, and as of YESTERDAY, need a "business nanny" to take care of his companies in such a way that the negative things about Tesla, will cease of their own accord, because employees are being treated well, and sensitively, and work gets done intelligently and effectively.

Elon, personnel relations are not the kinds of relationships you have with what you create; this is something for someone who does not appear to be behaving in a such a way that utterly shuts people down, and the only way employees believe that they can vent, is through posting on such sources as Blind.

Jun 04 10:08

Recession WARNING: US manufacturing PLUNGES to lowest level since financial crisis fallout

IHS Markit recorded a reading of 50.5 in May for its Purchasing Managers’ Index (PMI), down from 52.6 in April and its weakest score since 2009. The slowdown in factory activity comes as global investors remain on edge from the increasingly bitter trade war between the US and China, with both sides locked in a tit-for-tat tariff spat.

Jun 04 10:00

"WIDE-SCALE CONSUMER FRAUD:" WALMART SUED FOR SELLING FAKE MEDICINE

SOURCE: ZERO HEDGE

A new lawsuit by the Center for Inquiry (CFI) alleges Walmart is "committing wide-scale consumer fraud and endangering the health of its customers through its sale and marketing of homeopathic medicines."

The lawsuit was filed in the District of Columbia last month. CFI is also involved in a similar suit against CVS, which has been ongoing since June 2018.

"Walmart sells homeopathics right alongside real medicines, in the same sections in its stores, under the same signs," said Nicholas Little, CFI's Vice President and General Counsel. "Searches on its website for cold and flu remedies or teething products for infants yield pages full of homeopathic junk products. It's an incredible betrayal of customers' trust and an abuse of Walmart's titanic retail power."

Webmaster's Commentary: 

REALLY, Mr. Little?!?

I have looked at the balance sheet of your organisation, here, and it is interesting that none of your major contributors are not mentioned by name:

Development fund: other employeesTherefore, one might conclude, that there is no apparent documented funding for your organisation.

Perhaps you want to keep people in the shadows about who funds you, and why.

There is not one name from one pharmaceutical company as your donor, but I would strongly suspect that there is a reason for this.

It is completely shameful, that you also have absolutely zero faith in the minds of 21st century consumers, so you have wanted to deny thinking people their "seat at the table" on the issue of supplementary health care, and whether this might be beneficial to themselves and their families.

And seem you are dealing with extreme SMD (extreme Selective Memory Disorder) on this issue, let me take a moment to correct that for you; and you, sir, are most welcome!!

Curcumin: A Review of Its’ Effects on Human Health

This supplement has been used in connection with the following health conditions:

What are probiotics?

Evaluation of the Effects of Dietary Organic Germanium, Ge-132, and Raffinose Supplementation on Caecal Flora in Rats
Why high-dose vitamin C kills cancer cells

To attempt to deny customers the right to supplementation, means that you may, in some cases, be creating a death sentence for some of those people: this is absolutely, completely immoral, and evil to boot.

I cannot begin to tell you, Mr. Little, of how many of my family and friends who have died with cancer, under conventional treatment, and frequently those cancers went into remission, only to re-occur in other parts of their bodies.

One has to wonder, Mr. Little, as to how many pharmaceutical stocks lurk in your financial portfolio,and who, or what "owns you" on this issue. Perhaps there needs to be a "forensic accounting" done on the CFI, to reveal your client list. (Walmart, are you listening?!?)

And if any lawyers/barristers for Walmart happen to read this post, although the allegations contained herein will take a lot more detective work to prove, I think the information I have assembled, may help your case.

While I am not a Walmart enthusiast for a vast number of reasons, I think that this case needs to be dismissed, as a "frivolous lawsuit". And Walmart attornies, if you are smart, you will bring together every study, positively indicating that supplements should have both benefit, and their place in complementary medicine.

Jun 04 09:10

Economic Chaos Erupts! – Global Manufacturing Plunges, The Trade War Expands And The Nasdaq Enters Correction Territory

The global economic slowdown is really starting to accelerate. Just within the past few days, we have gotten more really awful global manufacturing numbers, the trade war has expanded to more nations, and the Nasdaq has officially entered correction territory. We have not witnessed this sort of global economic environment since the Great Recession, and if the economic chaos continues to escalate it won’t take too much to spark a brand new financial crisis. Of course the global financial system is far more vulnerable than it was back in 2008, and so if we stay on the path that we are currently on we could be facing a nightmare scenario very rapidly.

Let’s talk about the manufacturing numbers first. The numbers coming out of Germany are already at a crisis level, and manufacturing is also now contracting in Japan, South Korea and China as well.

Overall, global manufacturing as a whole has now fallen into contraction territory for the first time in seven years…

Jun 04 08:53

The CEO of United Launch Alliance on surviving a ‘flat’ market

In his first five years on the job, Tory Bruno led United Launch Alliance, a joint venture between Boeing and Lockheed Martin, through a protracted fight over the use of a Russian rocket engine.

Now, Bruno wants to ensure ULA is situated to win national security space launch contracts for the next decade. ULA is building a new rocket, known as Vulcan, that will replace the Atlas V and is expected to compete with SpaceX’s Falcon 9 to launch U.S. Air Force and intelligence satellites. The Vulcan has a new engine, the BE-4, built by Blue Origin, and Bruno says it is built specifically for the national security market.

Jun 04 08:42

THE NUMBER OF AMERICANS WORKING IN THEIR 70S IS SKYROCKETING

SOURCE: QUARTZ
...

Over the past 20 years, the share of Americans working in their 70s has risen from less than 10% to nearly 15%, according to US Census bureau data.

In addition to people being healthier and living much longer, economists say that a combination of financial considerations such as years of stagnant real wages and a shift away from traditional pensions in the private sector are some of the reasons people are working longer. The decline of manufacturing and the increase in the number of people working in less labor-intensive occupations also has contributed to the trend says Abraham, who researches work and retirement decisions of older Americans.

“Which matters more [the choice to keep working or the necessity to do so] depends on what your history up until that point has been in the type of work you’re doing,” Abraham says.

Webmaster's Commentary: 

At 70, I am still working, because I have found a way of being relevant, and consistently appreciated by my clients. THAT is one of the best possible places to be, if you are my age!! :-)

But I do see a lot of people, many at the local grocery store where we shop, where I am looking at the faces of many of their employees, understanding that few thought they would be at that point of doing the kind of work they do, in their late sixties and early seventies.

Jun 04 08:39

Gold Hits 10 Week High At $1,328/oz as Trade Wars Spur Safe Haven Demand

Gold has consolidated on yesterday’s gains and is marginally higher as risk aversion creeps back into markets. Gold rose 1.5% yesterday to its highest level in more than three months.

Jun 04 08:35

UPDATE ON DEUTSCHE BANK

Jun 03 19:30

Trump's economy is now on full recession alert

America's manufacturing industry suffered the sharpest slowdown last month since the depths of the global financial crisis, prompting calls for emergency rate cuts to avert a spiral into recession.

IHS Markit's momentum gauge fell to the lowest since September 2009 as America's fortress economy succumbed to fading fiscal stimulus and mounting damage from trade wars with China, Europe, and Mexico.

Chris Williamson, the group's chief economist, said US profit margins are being squeezed. Manufacturers are cutting output and laying off staff. "Surging order book growth just a few months ago has now turned into contraction - the first such decline seen in the series' 10-year history," he said.

"There is still time for the US Federal Reserve to right the ship, but time is running out," said Michael Darda from MKM Partners.

*I hope you are ready & prepared. It's comin'!*

Jun 03 12:57

Mall Meltdown Continues; Retail hell…

Jun 03 11:25

YouTube star who gave toothpaste-filled Oreo to homeless man gets 15-month jail sentence

A Spanish YouTube star who pranked a homeless man by filling an Oreo cookie with toothpaste was sentenced on Friday to 15 months in prison and now owes $22,300 to his victim, The New York Times reported Sunday.

A Barcelona judge also ordered that Kanguhua Ren's YouTube and other social media accounts be shut down for five years. The 20-year-old Ren, who goes by ReSet on the video-sharing website, was born in China but has lived in Barcelona for most of his life. He is unlikely to serve any jail time because Spanish law typically waives prison sentences for first-time offenders who commit non-violent crimes.

Jun 03 10:35

CHINESE TECH TITAN HUAWEI BUYS RUSSIAN FACIAL RECOGNITION TECHNOLOGY

SOURCE: RT

Chinese telecom giant Huawei has purchased the intellectual property rights to facial recognition systems designed by a Russian developer and manufacturer of high-tech security technology.
Some employees of Moscow-based Vokord will also be transferred to Huawei as part of the $50-million agreement, according to sources close to the deal, as quoted by Vedomosti.

Huawei’s Russian subsidiary, along with Hong Kong-based Huawei Digital Technologies, will reportedly become the owners of the intellectual property rights for Vokord’s patents on face ID technology and equipment. The newly formed firm will reportedly be called Igl Softlab. The Russian unit of the enterprise is expected to own 99.99999 percent of the newly formed company.

Webmaster's Commentary: 

President Trump, a word, please; have you noticed, or are some of your advisors aware, of how much more closely Russian and Chinese enterprise, are working so very much more closely together than they have ever done before, after the US sanctions and tariffs were imposed?!?

There seems to be an insane "failure of imagination", in your policies toward these two countries, which, potentially, may bring us to a state of war, with either or both.

In which case, there will have to be a return to the draft, as the US military, in its current configuration, does not conscript.

Look for riots in the streets of this country, when the reintroduction of the draft happens, and I fully understand that you have the capability to assassinate the rioters "with extreme prejudice"

But there is a word, sir, which needs to become part of your vocabulary, and your thought process, and it is a small, bite-sized word, with great impact; that word is, "optics", Mr. President.

How are the optics of such a war, understanding that neither China nor Russia has done the kind of "damage" to the US economy, as to justify such a war?

Mr. President, if you allow this to happen, history will not remember you kindly; just a thought, not anything "from the mountain"; please be aware that, to an impartial observer, we appear to be on the "keening edge" of war with either, or both, countries.

This cannot be allowed to happen, as right now, the US military doesn't have the weaponry; the troop strength; the manufacturing, or the money to ensure a positive outcome to such a conflict.

Jun 03 09:21

IS PROCESSED FOOD KILLING YOU?

SOURCE: SUBMITTED BY NATURE HUB

— AMERICAN’S DANGEROUS ADDICTION TO FACTORY FOOD.
Over the years ultra-processed factory food has become more and more common. Living in the USA it’s almost impossible to avoid them. As children most of us grew up eating them- and in many cases those cute frozen TV dinners were delivered right to our door. Eating out of the package isn’t ideal- for sure- but just how big of a price are we paying with our health?

Many would be surprised to find out just which foods make the list of ultra-processed foods. It’s not just fast food, sweets, fried foods, and chips, but also bread, sausages, fruit-yogurts, packaged soups and noodles, sweetened drinks, jarred sauces, processed meats, and almost any frozen meal- things that are common staples of the American diet, served in schools, restaurants, and homes across the country.

Webmaster's Commentary: 

Have a talk with the manager of whatever "Big Box" or neighborhood grocery store you frequent, and let them know that if they will allow you a choice for organic products, you will continue to support them by shopping there; but if they cannot, or will not, you need to move to a store which will let you have that choice.

Jun 03 09:12

SUDANESE SECURITY FORCES LAUNCH DEADLY RAID ON CAMPING PROTESTERS, AT LEAST 13 KILLED – REPORTS

SOURCE: RT

Sudan’s military has used live ammunition to disperse protesters in the capital, Khartoum, according to reports. A medical association close to the protesters said that at least 13 people have been killed and dozens injured.
Sudan has been ruled by the Transitional Military Council since the ousting of authoritarian president Omar al-Bashir in April. The crackdown comes as participants in a long-running sit-in outside the army’s HQ have been demanding democratic reforms and for generals to hand over power.

Webmaster's Commentary: 

OK, how does the current Sudanese government know that the people they have assassinated, are truly criminals, without a basic Trial By Jury, one of the foundations of any real democracy?!?

the short answer is, they cannot prove this; it is just a feint, to make the existing Transitional Military Council appear to some any shred of credibility left for the Sudanese people, which they have not done.

Jun 03 09:05

RUSSIA’S ROSTEC PULLS PLUG ON MADURO

SOURCE: THE NEW AMERICAN
Reprinted with permission from TheNewAmerican.com.

Venezuela’s Marxist dictator Nicolás Maduro hasn’t paid Rostec, Russia’s state-controlled military contractor, for months, so the company is pulling the plug, according to the Wall Street Journal. That contractor has been providing vast military armaments and other materiel to Maduro’s regime, including Kalashnikov rifles, helicopters, tanks, and aerial defense systems. It has also, until recently, had about 1,000 technicians in place to train Venezuelan military personnel how to maintain that high-tech equipment. Now, said the Journal, that number has been reduced to just a few dozen.

U.S. sanctions, particularly on Maduro’s Central Bank of Venezuela, have made it all but impossible for the bank to sell off what remains of the country’s gold reserves to raise the cash to pay Rostec’s bills.

Webmaster's Commentary: 

I saw the headline yesterday; but on the part of Rostec, it makes perfect financial sense.

But the question is, how long will Venezuela's military stay loyal to Maduro, and are these troops getting paid and fed, regularly?!?

the breach of those conditions, would absolutely "turn the corner" on any kind of "invasion" plans the US may have to take control of Venezuela and its oil reserves, and the US may already have "mercs in place", should this moment come to be.

Jun 03 09:00

WATCH: WOMAN STRAPPED TO CHAIR, BEATEN & PEPPER SPRAYED OVER UNPAID TRAFFIC TICKET

SOURCE: MATT AGORIST @ THE FREE THOUGHT PROJECT

(Support Free Thought) - Cleveland, OH — A deeply disturbing video has been released from a surveillance camera inside Cuyahoga County jail of multiple officers strapping a woman to a restraint chair before hitting her and then covering her face in pepper spray foam. The nature of the video were so horrifying that the officers involved have all been charged with crimes.

The incident happened on July 16, 2018 when an innocent woman, Chantelle Glass was brought to jail. Despite being strapped down to a chair and savagely tortured, Glass was never charged with a crime but because she had an unpaid traffic ticket, they held her in jail.

Officer Idris-Farid Clark is one of five officers charged in multiple attacks on inmates. The video of Glass’ incident was just released this week as part of a claim cleveland.com filed against the county in the Ohio Court of Claims.

Webmaster's Commentary: 

If THIS is how the Cleveland PD interprets the phrase "to protect and serve", the city has a huge problem on its hands.

To those who can, please vote with your feet and leave.

To those who, for economic reasons, cannot, let Mayor Frank G. Jackson, know that there is going to be a peaceful, general strike because of this, and take your kids out of school on the day when this happens.

And ANY organisation even thinking about holding some kind of symposium or conference here, please do NOT, again, letting Mayor Jackson understand why Cleveland will not be your Venue of Choice

One has to wonder if these officers were on, or getting off of SSRI prescription medication.

Jun 03 08:44

US Hits EU With Ultimatum to Save Close Ties to American Arms Industry - Report

The Western alliance has come under increasing strain in recent years amid President Trump's insistence that NATO's European members commit more to defence spending, and reports that the president has repeatedly raised the issue of withdrawing Washington from the bloc.

The Trump administration has presented America's European allies with an "ultimatum" demanding that the countries make changes to their defence policy to ensure that Europe remains closely linked to US defence manufacturers in the creation of new arms, El Pais has reported, citing documents from a meeting in Washington, DC on 22 May between US officials and members of the EU's Political & Security Committee.

According to the Spanish newspaper, US officials warned their EU counterparts that they may be left alone in the face of threats, supposedly including Russia, if Brussels rejected the US defence companies' participation in the creation of new weapons systems.

Jun 03 08:42

Philippines president says S. China Sea becoming ‘flashpoint’

Philippines President Rodrigo Duterte has urged progress on a code of conduct for the contested South China Sea, which, he warned, was becoming a “flashpoint.”

Speaking at an economic forum in Tokyo on Friday, Duterte veered off script with remarks about the resource-rich sea, over most of which China claims sovereignty, despite competing claims from the Philippines, Malaysia, Brunei, Taiwan and Vietnam, AFP said.

Jun 03 08:27

Global recession within less than a year if Trump escalates trade war – Morgan Stanley

The worsening trade conflict between the world’s two largest economies, the United States and China, could send the global economy into recession within three fiscal quarters, research by investment bank Morgan Stanley has found.

Jun 02 10:47

BORDER PATROL IS DROPPING HUNDREDS OF ILL AND HUNGRY MIGRANTS AT SOUTHERN CALIFORNIA GREYHOUND STATIONS

SOURCE: THE INTERCEPT
THE VANS STARTED coming on May 14, depositing their passengers into an alley by the Greyhound station in San Bernardino, California, and then taking off. The first night, the station’s small lobby quickly filled with migrants from Guatemala and elsewhere who had been abruptly dropped off there by the U.S. Border Patrol.

The manager of the station ended up getting many of them tickets to Los Angeles that night, said Luis Suarez, of the Inland Coalition for Immigrant Justice. “It’s open 24/7, and he wanted them to have a warm place at least. San Bernardino closes at 2 a.m.” On summer nights, temperatures can drop 30 degrees in the city, which is located in the foothills of a mountain range about 60 miles east of Los Angeles.

Webmaster's Commentary: 

Whatever a decent, moral immigration system is, this is absolutely its polar opposite.

Jun 02 10:22

SOROS, WALLACE HELP BANKROLL DARK MONEY FUND AIMED AT MIDWESTERN VOTERS

Liberal billionaires George Soros and Scott Wallace are helping bankroll a new fund hosted by an intricate dark money organization and focused on helping Democrats make inroads with midwestern voters for the 2020 elections.

The deep-pocketed donors moved the money from the Open Society Foundations, Soros's foundation, and the Wallace Global Fund, Wallace's foundation, to the newly launched Heartland Fund, a collaborative effort focused on building "power across the divides of the American heartland" as overall Democratic efforts have veered towards the region.

The Heartland Fund recently disbursed $500,000 in its first round of grants to nine left-wing groups and will begin its efforts with organizing and issue advocacy. The initiative is housed at the Windward Fund, which falls under the auspices of Arabella Advisors, a major dark money "fiscal sponsor" network founded by Eric Kessler, a former Bill Clinton appointee.

Webmaster's Commentary: 

At this point, I am morally disgusted with both parties.

And please remember; no matter who is (allegedly) "in power", the wars continue, and American jobs continue to get offshored/outsourced to places with the cheapest possible labor.

Jun 02 10:17

Dow Jones Triple Topping At This Key Level?

Jun 02 10:04

STACEY ABRAMS JOINS GLOBALIST ELITE, ANOINTED BY CFR, BILDERBERG GROUP

SOURCE: THE NEW AMERICAN
Reprinted with permission from TheNewAmerican.com.

The Fake News organs that regularly shower Stacey Abrams with adulatory coverage are now mum about her entry into the secretive, shadowy corridors of power.

Stacey Abrams has really arrived. The former Minority Leader of the Georgia House of Representatives and the Democrat Party candidate in the 2018, hotly-contested Georgia gubernatorial election, Abrams scored a double anointing by major globalist groups during the month of May. First, on May 10, she was chosen to deliver the keynote address at the Council on Foreign Relations’ Seventh Annual Conference on Diversity in International Affairs. She received the royal rock star treatment during that conference, as the great and the good packed into “A Conversation With Stacey Abrams,” a Q&A session emceed by New York Times reporter and editorial board member Eduardo Porter.

Webmaster's Commentary: 

One has to wonder for what Bilderberg is "grooming her"; a presidential run, perhaps, in 2024?!?

Only time will tell; but if my hunch is correct here, Bilderberg will be preparing her... to become a major force in American politics, and further cementing their "place at the table", in American politics.

Jun 02 09:29

THE AVERAGE MILLENNIAL HAS AN AVERAGE NET WORTH OF $8K

SOURCE: INTELLIHUB

(INTELLIHUB) — Research released by Deloitte on Thursday reveals that the average net worth of young adults aged 13-35 in the year 2019 is only $8,000 which is far lower than previous generations.

Another report authored by Abha Bhattarai concludes there has been a 34% drop in the net worth of millennials over the last 20-years.

From SF Gate: “The net worth of Americans aged 18 to 35 has dropped 34 percent since 1996, according to research released Thursday by Deloitte, the accounting and professional services giant. This demographic is paying more for education and such basics as food and transportation while incomes have largely flatlined.”

“The vast majority of consumers are under tremendous financial pressure,” Deloitte’s chief retail innovation officer Kasey Lobaugh explained. “That is particularly true for low-income Americans and millennials.”

Webmaster's Commentary: 

YIKES!!!

Jun 02 09:24

Tariffs, Mr. Trump’s Miracle Cure

The president appears to view tariffs as the solution to a wide range of foreign policy problems. It isn’t working.

Jun 02 08:47

Ranking The World’s Best And Worst Passports

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